#Crypto.com Granted MiCA License in Malta#

Crypto.com recently announced that it has received in-principle approval from the Malta Financial Services Authority for its European Union (EU) Markets in Crypto-assets (MiCA) license, marking a significant step closer to full operations across the EU trading zone. Obtaining the MiCA license will allow Crypto.com to provide its market-leading crypto services to customers across the EU under a streamlined and robust framework, significantly enhancing transparency in the sector. Previously, Boerse Stuttgart Digital, a subsidiary of German stock exchange operator Stuttgart Stock Exchange, also secured a MiCA crypto asset service provider license from the German regulator BaFin, planning to expand services for European financial institutions. Additionally, financial services provider Tradevest obtained a cryptocurrency custody and securities registration license from the German Federal Financial Supervisory Authority (BaFin).These developments signal that European regulators are actively pushing for the compliant development of the crypto asset industry and providing a clearer regulatory framework for crypto companies, which will contribute to the healthy growth of the European crypto market.